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Column: That big Albertsons/Kroger merger will enrich millionaire insiders at your expense

Por: Los Angeles Times Business November 03, 2022

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It should be obvious by now that the driving force of many corporate mergers, if not most or even all mergers, is the goal of enriching insiders. The pending merger of supermarket giants Albertsons and Kroger, however, injects that impulse with steroids. At the heart of the $20-billion deal announced Oct. 14 is a $4-billion dividend to be paid Monday to Albertsons stockholders. Who are these stockholders? Six of them are corporate insiders,... + full article



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